Camden Capital LLC Buys 26,768 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Camden Capital LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1,099.3% in the second quarter, HoldingsChannel reports. The fund owned 29,203 shares of the e-commerce giant’s stock after purchasing an additional 26,768 shares during the quarter. Amazon.com makes up 1.0% of Camden Capital LLC’s portfolio, making the stock its 18th largest position. Camden Capital LLC’s holdings in Amazon.com were worth $3,678,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Elkhorn Partners Limited Partnership increased its stake in shares of Amazon.com by 800.0% in the first quarter. Elkhorn Partners Limited Partnership now owns 18 shares of the e-commerce giant’s stock worth $59,000 after acquiring an additional 16 shares during the period. Dravo Bay LLC acquired a new stake in Amazon.com during the first quarter valued at $72,000. Cordant Inc. acquired a new stake in Amazon.com during the first quarter valued at $150,000. Moisand Fitzgerald Tamayo LLC grew its position in Amazon.com by 36.1% during the first quarter. Moisand Fitzgerald Tamayo LLC now owns 49 shares of the e-commerce giant’s stock valued at $160,000 after buying an additional 13 shares during the period. Finally, Evolution Advisers Inc. grew its position in Amazon.com by 900.0% during the first quarter. Evolution Advisers Inc. now owns 50 shares of the e-commerce giant’s stock valued at $162,000 after buying an additional 45 shares during the period. Institutional investors and hedge funds own 57.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on AMZN shares. Raymond James decreased their price objective on shares of Amazon.com from $164.00 to $130.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Cowen decreased their price objective on shares of Amazon.com from $195.00 to $150.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Mizuho decreased their price objective on shares of Amazon.com from $155.00 to $135.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Benchmark decreased their price objective on shares of Amazon.com from $160.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Finally, Jefferies Financial Group decreased their price target on shares of Amazon.com from $165.00 to $135.00 and set a “buy” rating on the stock in a research note on Friday, October 28th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and forty-two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $150.77.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,720 shares of the firm’s stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $95.70, for a total value of $164,604.00. Following the sale, the director now directly owns 22,440 shares in the company, valued at $2,147,508. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Daniel P. Huttenlocher sold 1,720 shares of Amazon.com stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $95.70, for a total transaction of $164,604.00. Following the sale, the director now directly owns 22,440 shares in the company, valued at $2,147,508. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 15,787 shares of Amazon.com stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $103.10, for a total value of $1,627,639.70. Following the transaction, the chief executive officer now directly owns 522,251 shares in the company, valued at $53,844,078.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 269,412 shares of company stock worth $7,914,139. 12.70% of the stock is owned by insiders.

Amazon.com Stock Performance

AMZN stock opened at $93.20 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.94. The stock has a market capitalization of $950.79 billion, a price-to-earnings ratio of 85.54, a PEG ratio of 6.29 and a beta of 1.23. Amazon.com, Inc. has a 1 year low of $85.87 and a 1 year high of $181.68. The stock’s fifty day moving average is $109.13 and its two-hundred day moving average is $116.76.

Amazon.com (NASDAQ:AMZNGet Rating) last posted its earnings results on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.06. The company had revenue of $127.10 billion for the quarter, compared to analysts’ expectations of $127.47 billion. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period last year, the business posted $0.31 earnings per share. On average, research analysts predict that Amazon.com, Inc. will post 0.74 EPS for the current year.

About Amazon.com

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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